Ryder System Inc (R)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.88 | 1.81 | 1.94 | 1.45 | 1.72 | |
| Number of days of payables | days | 194.10 | 201.76 | 188.52 | 251.72 | 211.90 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.88
= 194.10
The number of days of payables for Ryder System Inc has shown fluctuations over the past five years. As of December 31, 2020, the company took approximately 211.90 days to pay its creditors. This number increased significantly to 251.72 days by December 31, 2021, indicating a potential delay in settling its payables. However, by December 31, 2022, the number of days of payables decreased to 188.52 days, suggesting an improvement in the company's payment efficiency.
Subsequently, the metric increased slightly to 201.76 days by December 31, 2023, before decreasing again to 194.10 days by December 31, 2024. Overall, although there have been fluctuations in the number of days of payables, Ryder System Inc seems to be managing its payables within a reasonable range, with a tendency towards shorter payment cycles in recent years.
Peer comparison
Dec 31, 2024